About

Mr. B. Kanaga Sabapathy born in 1951, is a Registered valuer of Central Board of Direct Taxes and also a Chartered Engineer. Valuation is his profession.

He was the National Vice - President of Institution of Valuers (India) for
11 terms.

His passion is to write about valuation, to speak about valuation and share
his knowledge about valuation with other fellow valuers.

He is the regular contributor of articles in the Indian Valuer Journal from the
year 1985. His articles especially his regular column "Questions & Opinions"
are very popular among the practising valuers in India.

He was in the Editorial Board of Indian Valuer Journal, Delhi.

When he was the Vice-President of Institution of Valuers, he has visited
almost all the branches of Institution of Valuers (India) and gave lectures
in valuation subject.

As an Individual, he conducted Valuation Seminars at Tiruchirappalli from
the year 1990 to 2000. This seminar is popular and had participants from
all over the country. Because of the high quality of the seminar proceedings,
valuers used to call "Tiruchirappalli" as "Mecca of Valuation". After 2000,
seminars are being conducted by Institution of Valuers, Tiruchirappalli branch.

His book "Guidelines on Valuation for Banks" is used to be referred by many
banks. The valuation formats designed by him were accepted and adopted
as the formats by many banks in the country.

After his retirement from his active profession in valuation at the age of 58,
he now conducts regular training programme in valuation at Tiruchirappalli
under ten levels for the sake of practising valuers especially beginners.

His son K. Arun and daughter B.K. Aruna are also approved valuers and
they also contribute articles to the Indian valuer journal.

He used to be the visiting faculty to Engineering colleges, Staff training
centre of banks, Training institution of CPWD, PWD, etc. His books on
valuation are referred as Text books by Engineering college students and
Professional valuers who appear for M.Sc real estate valuation.

His Guru : Mr. C.H. Gopinatha Rao, Chennai.

His Mentor : Mr. R.K. Gandhi, Mumbai.

His Role Model : Mr. S. Rajaratnam, Chennai.

His Best Students : Thousands of valuers in the country.

K. ARUN

B.E., C.E., M.Sc(Valuation), F.I.V., M.I.E., M.I.C.A.

B.K. ARUNA

D. Arch(Hons), B.E., C.E., A.M.I.E., M.I.C.A., M.I.S.T.E..

Achievements

He has authored 26 books out of which 20 are about valuation of
immovable properties.

He has written 573 articles about valuation.

He has visited 51 countries.

He has given lectures in more than 200 seminars conducted in different parts of India.

He is the recipient of 17 awards.

Awards

1. Silver Medal Award - 1988

- Institution of Valuers, Chandigarh

2. Professional Excellency Award - 1990

- Institution of Valuers, Madras

3. C.H. Gopinatha Rao Award - 1991

- Institution of Valuers, New Delhi

4. Man of the Year Award - 1993

- Institution of Valuers, Lucknow

5. Best Paper Award - 1995

- Institution of Valuers, Visakhapatnam

6. Gold Medal Award - 1998

- Institution of Valuers, Bhubaneswar

7. Man of Achievement Award - 1999

- International Publishing House, New Delhi

8. Eminent Valuer Award - 2005

- Institution of Valuers, Vijayawada

9. Distinguished Alumni Award - 2007

- Regional Engineering College, Tiruchirappalli

10. Renowned Valuer Award - 2007

- Institution of Valuers, Kolkata

11. Silver Medal Award - 2008

- Institution of Valuers, Tiruchirappalli

12. Vocational Excellence Award - 2008

- Rotary Club, Tiruchirappalli

13. Lifetime Achievement Award - 2009

- Institution of Valuers, Tiruchirappalli

14. Scroll of Honour Award - 2010

- Institution of Valuers, Tiruchirappalli

15. Karikaalan Award - 2013

- Institution of Valuers, Tiruchirappalli

16. Lifetime Achievement Award - 2015

- Institution of Valuers, Salem

17. Eminent Valuer Award - 2015

- Institution of Valuers, Pondicherry

LIST OF TECHNICAL PAPERS WRITTEN

LIST OF TECHNICAL PAPERS WRITTEN

Art. No.

Topic

1

November, 1985 - Factors to be considered while doing valuation of plant

and machinery in case of sale instances

2

Evaluation of total expenses after the completion of construction of the

house

3

How to assess the cost of construction of a normal residential building on

completion

4

Assessment of present market value of a residential building of different

portions constructed in various periods

5

Temple Assets - Procedure for valuation.

6

Valuation of vehicles

7

Value of gold

8

Editorial on arbitration

9

Valution of properties offered as collateral security to the banks

10

Procedure for valuation of residential building in stages which are

constructed with loan from LIC or Bank or Financial institution

11

Valuation of chemical plant

12

Editorial on CPWD Plinth area rates specification and standards for

buildings

13

Format suggested for the purpose of property which are offered as

collateral security to the banks

14

Role of valuers as a surveyor in Insurance campanies, how to get license

to act as a surveyor /loss assessor

15

Formula to find out the future value of the property in the year 2000

Art. No.

Topic

16

Principles of valuation

17

Few guidelines for panel valuers for bank

18

Questions & Answers - 1

19

Assessment of loss for the purpose of insurance - An actual case study

20

Valuation of a ‘Cinema Theatre’ by profit method

21

Valuation for the purpose of partition

22

Questions and Opinions - 2

23

Valution by CPWD rates, allowances & anamolies

24

Assessment of valuation of property as on 1974

25

Cost of construction for the purpose of Income tax / Procedure of

valuation suggested

26

Few guidelines to be observed while doing the valuation of property which

are offered as collateral security to the banks

27

Assessment of cost of construction of a multistories building for the

purpose of Income tax - A case study

28

Procedure for preparing estimate for the individual residential flat.

29

Economy in construction and its impact on Income tax valuation

30

Fixing the price for middle floor of residential building - A case study

31

Fixing the price of a property for the purpose of selling factors favouring /

affecting the value

32

Assessment of worth of a fabrication industry - A case study

Art. No.

Topic

33

Statistics for a normal residential building

34

Value for sale of right an assessment

35

Valuation of industrial assets - Parameters

36

Cost of construction break up for services

37

Questions and Opinions - 3

38

Questions and Opinions - 4

39

Procedure for the assessment of cost of construction

40

Questions and Opinions - 5

41

Calculations of plinth area

42

Prescribed fees fixed by various financial institutions

43

Responsibility of valuers in issuing fitness certificates for banks currency

cash chest and strong room

44

Questions and Opinions - 6

45

Valuation of procedure for a flat under construction

46

Procedure of valuation of property pledged to bank as equitable mortage

47

Questions and Opinions - 7

48

Cost of construction particulars required by valuation cell from the

assessee

49

Urban land ceiling certificate on non - possession of vacant lands

50

Plant and machinery - Cost of construction

Art. No.

Topic

51

How to determine a fair rent

52

Can there be a zero value for any property

53

Want to buy a property

54

Cost of construction - The drawbacks with the existing system of valuation

and need for a standard procedure

55

Cost of construction - Questions and Opinions - 8

56

Capital gains tax

57

Questions and Opinions - 9

58

Questions and Opinions - 10

59

Questions and Opinions - 11

60

Life and repair provision of certain equipments

61

Assessment of rent for private buildings which are let out to a central

Government department

62

Service life of certain buildings

63

Plinth area rates prescribed by CPWD comparision of rates 1976 & 1992

64

Questions and Opinions - 12

65

Can’t a valuer parctice as an advocate?

66

Valuation of bank premises (with case study)

67

Where the services of a valuer are required?

68

Questions and Opinions - 13

Art. No.

Topic

69

Chapter XX -C

70

Composite rate

71

Valuation formats for flats

72

How to estimate the probable value at the end of the 60th years

- A case study

73

Valuation of vehicle - A model format

74

Valuation format prescribed by Catholic Syrian bank

75

Survey report - Motor insurance essential loss control measures

76

Valuation of properties for bank purpose - A case study

77

Purchase of immovable properties by Central Government under

Chapter XX -C of Income tax act and procedure of valuation in

determining the value of the property under transfer

78

Questions and Opinions - 14 & 15

79

How to calculate depreciation for buildings

80

Questions and Opinions - 16

81

Questions and Opinions - 17

82

Questions and Opinions - 18

83

Questions and Opinions - 19

84

Questions and Opinions - 20

85

Practical problem I

Art. No.

Topic

86

Whether a valuer can give different reports for different values for a same

property on the same day

87

Questions and Opinions - 21

88

Land measurement units in different states of the country

89

Questions and Opinions - 22

90

Empanelment of valuers

91

Valuation of a resorts site in a hill station - A case study

92

Fair market value of a vacant land and encumbered land

93

Valuation of a residential building for the purpose of Income tax

- A case study

94

Defending the valuation report

95

Valuation of an ‘A’ frame

96

Practical problems II

97

Questions and Opinions - 23

98

Valuation for gift tax (K. Arun)

99

Valuation property as on 01.04.1981 - A model report

100

How to calculate market value as on 01.04.1981

101

Valuation for wealth tax capital gains as per finance act 1992, How to find

out the value of property as on 01.04.1981 with case studies

102

Practical problem III

103

Questions and Opinions - 24

Art. No.

Topic

104

Questions and Opinions - 25

105

Questions and Opinions - 26

106

Questions and Opinions - 27

107

Questions and Opinions - 28

108

Questions and Opinions - 29

109

Questions and Opinions - 30

110

Valuation of a marriage hall - A case study

111

Valuation of plant and machinery - I & Questions and Opinions by

Sri. R. Doreswamy

112

Certain errors in the valuation reports

113

Valuation of plant and machinery - II

114

RBI guidelines on valuation

115

Valuation of land and building - I

116

Valuation of land and building - II

117

Plinth area rates for 1996 - 97 (K.Arun)

118

Valuation for collateral security reffering the legal opinion is a must or not

119

Data bank on valuation of Plant & machinery

120

Valuation of land and building - III

121

Depreciation tables - A ready reckoner

122

Valuation of a going concern - A case study

Art. No.

Topic

123

Valuation by comparative sale method

124

Questions and Opinions - 31

125

Questions and Opinions - 32

126

Cost of construction - Report of the valuation cell, objection report of the

registered valuer and the order passed by the commissioner of Income tax

(appeals)

127

How to calculate the plinth area and carpet area for the premises

occupied by the bank

128

Questions and Opinions - 33

129

Three star hotel - Cost of construction by accounting method

130

Questions and Opinions - 34

131

Questions and Opinions - 35

132

Cost of construction

133

Comparision between cost of construction for Income tax and market

value for banks

134

Questions and Opinions - 36

135

Practical problems - IV

136

Questions and Opinions - 37

137

Whether a panel valuers can certify the value arrived by Rent

capitalisation method as the fair market value

138

Form of certificate to Federal bank

139

Few guidelines to panel valuers suggestions to the bank

Art. No.

Topic

140

Ten points to be remembered by a banker while accepting any property as

collateral security

141

Questions and Opinions - 38

142

Questions and Opinions - 39

143

Questions and Opinions - 40

144

Questions and Opinions - 41

145

Valuation format prescribed by Vijaya bank

146

Valuation for the banks - Reports issued by the valuers engaged by the

borrower, second opinion by the expert panel valuer and the lessons to be

learnt from the mistakes

147

Questions and Opinions - 42

148

Questions and Opinions - 43

149

Fixation of fair rent for a portion of the building occupied by a tenent

150

Reference to the valuation officer under section 55A of Income tax Act

1961.

151

Fixation of fair rent for the first floor of the building

152

Fixation of fair rent for a portion of the commercial complex

153

Fair rent for a residential flat in an apartment building

154

Fair rent for a shop

155

Questions and Opinions - 44

156

Questions and Opinions - 45

Art. No.

Topic

157

Certifying the value on the higher side or lower side

158

Questions and Opinions - 46

159

Few theoritical problems for engineering students

160

Questions and Opinions - 47

161

Fews prescribed by few banks

162

Questions and Opinions - 48

163

Questions and Opinions - 49

164

Fixation of fair rent as per the rent control act

165

Questions and Opinions - 50

166

Empanelment of valuers by Canfin Homes Ltd

167

Questions and Opinions - 51

168

Questions and Opinions - 52

169

Valuation of buildings

170

Questions and Opinions - 53

171

Fixation of fair rent

172

Questiona and Opinions - 54

173

Valuation format for the purchase of ready - Built houses

174

Valuation of commercial building

175

Valuation of a residential building for settlement

Art. No.

Topic

176

Valuation reports issued by revenue officers - How far they are correct?

177

Fees prescribed by bank

178

Questions and Opinions - 55

179

Questions and Opinions - 56

180

Questions and Opinions - 57

181

Problems faced by the registered valuers

182

Valuation of lands with mineral for bank purposes

183

Valuation of mining lands

184

Capital gains

185

Basic principles in valuation of machinery

186

187

Questions and Opinions - 58

188

Questions and Opinions - 59

189

Questions and Opinions - 60

190

Quiz in valuation - I

191

Questions and Opinions - 61

192

Questions and Opinions - 62

193

Indices

194

Questions and Opinions - 63

Art. No.

Topic

195

Ground rent

196

Quiz in valuation - II

197

Questions and Opinions - 64

198

Objection remarks on the valuation, Report issued by the valuation cell

199

Valuation for compromise

200

Valuation for bank purposes market value and cost

201

Cost of construction of a marriage hall

202

Questions and Opinions - 65

203

Cost of construction of a lodge building

204

Valuation of a residential building offered as collateral security to the bank

- A model report

205

Questions and Opinions - 66

206

Questions and Opinions - 67

207

Cost of construction - Certain clarifications

208

Basic principles of valuation

209

15 percent

210

Market value of a portion of a storied building

211

Chartered engineer’s certificate

212

How to calculate the depreciations for different portions of a building

constructed in different periods - A case study

Art. No.

Topic

213

Questions and Opinions - 68

214

Questions and Opinions - 69

215

Questions and Opinions - 70

216

Questions and Opinions - 71

217

Questions and Opinions - 72

218

Questions and Opinions - 73

219

Questions and Opinions - 74

220

Questions and Opinions - 75

221

Questions and Opinions - 76

222

Certain opinions on legal aspects on valuation

223

Value varies with purpose

224

Questions and Opinions - 77

225

Questions and Opinions - 78

226

Questions and Opinions - 79

227

Questions and Opinions - 80

228

Valuation by Rent capitalisation method

229

Fees prescribed by few banks for valuation

230

Valuation for bank

231

Report on valuation of property for bank purpose - A model report

Art. No.

Topic

232

Court judgement

233

Questions and Opinions - 81

234

Few illustrations in valuation

235

How to calculate the weighted cost index

236

Fair market values of a property as on 01.04.1981

237

Present value of a cinema theatre

238

Questions and Opinions - 83

239

Questions and Opinions - 84

240

Quiz on valuation

241

Market value of a portion of a storied building

242

Valuation of a commercial building by Rent capitalisation method under

schedule III of Wealth tax Act

243

Cost of construction certain clarifications

244

Questions and Opinions - 85

245

Questions and Opinions - 86

246

Questions and Opinions - 87

247

Valuation of leasehold properties

248

Embarassing moments of a panel valuer

249

Indemnity bond is required

250

Questions and Opinions - 88

Art. No.

Topic

251

Questions and Opinions - 89

252

Why there is no uniformity among the banks

253

Questions and Opinions - 90

254

Questions and Opinions - 91

255

Questions and Opinions - 92

256

Questions and Opinions - 93

257

Questions and Opinions - 94

258

Glossary

259

Questions and Opinions - 95

260

Stocks valuation for banks

261

Valuation of stocks in a steel rolling mills - A case study

262

Questions and Opinions - 96

263

Fixation of fair rent

264

Cost of construction - Method is not the main criteria

265

Cost of construction

266

Guideline value and market value

267

Questions and Opinions - 97

268

Guidelines on valuation for bank

269

Various purposes of valuation required for banks

Art. No.

Topic

270

Schedule III of Wealth tax Act whether this method can be adopted for

bank valuation

271

How to become a successful valuer?

272

Valuation of a property in a hill station for the purpose of buying

- A case study

273

Questions and Opinions - 98

274

Questions and Opinions - 99

275

Questions and Opinions - 100

276

Whether valuers are coming under the purview of Consumer Act

277

Valuation of site for petrol pump

278

The securitisation and reconstruction of financial assets and enforcement